Dubai’s Big Plan to Develop Areas Near Metro Stations
The first deputy ruler of Dubai, Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, announced the news, declaring that the primary goal of the D33 agenda for economic development was to create Dubai among the three top cities in the world.
The Foreign Direct Investment Development Programme
The Foreign Direct Investment Development Programme is multifaceted and aims to increase Dubai's appeal to international investors.
Dubai has pledged to invest AED 25 billion ($6.8 billion) over the next ten years to fund this initiative, underlining its serious determination to transform its economic environment.
The Dubai Economic Model
To complement the FDI plan is the recently created Dubai Economic Model—a sophisticated structure designed to track and analyze the development of the Emirate's economy. The result is a quantum leap in Dubai's approach to economic planning and decision-making.
The model's main feature is the Dubai Economic Model, which encompasses an extensive economic database with over 3,000 economic indicators.
It provides macro- and micro-economic data, information about sectors in Dubai's significant industries, and pertinent global rankings and comparison indicators.
Developing Areas Near Metro Stations
The most significant element of Dubai's economic plans is the growth of areas around Metro stations. This is in tune with global trends.
The ambitious metro station expansion plan will enhance these opportunities by creating new retail and commercial areas close to transportation hubs.
It will also attract businesses searching for an easily accessible location to encourage mixed use of public transportation modes, spanning Metro buses and tram lines.
The scope of this program is staggering:
- Today: 64 stations spread over 84 square km area
- 2030: 96 stations covering 140 square kilometers of area
- 2040: 140 stations that cover an area of 228 sq. km
This development represents a risky investment in Dubai's urban fabric. It could change the dynamic of city growth for years to come.
Other Strategic Initiatives
Although it is true that the FDI plan, along with the Metro stations development plans, are among the most critical projects of Dubai's economic strategy, the Emirate is involved in the execution of several other initiatives to achieve its goal:
"Manbar" program
- Increase the number of local mosque imams
- A part of the more considerable Emiratisation efforts across various industries
- meets social and cultural objectives that go along with economic goals
Dubai Marina
Connected by: DMCC Metro Station (Red Line)
Rent average of AED 150,000 for the year for a two-bedroom apartment
Highlights:
- Beautiful waterfront living 7km off of the man-made marina
- Over 300 cafes, restaurants, and shops serve a wide variety of food
- The Beach at JBR The Beach at JBR is a renowned public beach that offers activities for everyone to take part in
- Dubai Marina Mall: shopping and leisure
Near Palm Jumeirah and other nearby landmarks
Ideal for: young professionals, expats, tourists looking for a lively lifestyle
Jumeirah Lake Towers (JLT)
Connected by: DMCC Metro Station (Red Line)
Average Rent: AED 92,000 per annum for a 2-bedroom apartment
Highlights:
- Mixed-use community with 26 clusters
- Casual eateries are exquisite. large selection of dining choices
- JLT Park JLT ParkA large park for the community with sports facilities
- A mixture of commercial and residential towers, as
- Walk distance from Dubai Marina and its amenities
Perfect for young families and professionals, and balancing the demands of community and urban life
Al Barsha
Connected by: Mall of the Emirates Metro Station (Red Line)
Rent average AED 80 000 annually for a two-bedroom apartment
Highlights:
- The home of the Mall of the Emirates, which is home to it's Ski Dubai indoor ski resort
- The well-known Al Barsha Pond Park is perfect for running and picnics
- Near to Dubai Miracle Garden and the Butterfly Garden
- A blend of apartments for residential use and villas
- A diverse dining scene that can satisfy all local and international preferences.
Perfect for families and shoppers, as well as those who prefer a peaceful neighborhood with easy access to the city
Dubai Internet City
Connected to: Dubai Internet City Metro Station (Red Line) Rent is AED 95,000/year for a two-bedroom apartment
Highlights:
- Media hub and technology Near Knowledge Village; education cluster
- Walking distance to Dubai Marina and JBR beach
- Outdoor theater with various activities and shows. Perfect for Media and tech experts, college students, or people who work near home.
Conclusion
Dubai's ambitious plans to attract foreign investment and develop metro-accessible communities reflect its dedication to sustainable economic growth and urban development. Through its transit-oriented development policies, Dubai is on its journey to becoming a better-connected city.
Although Dubai's $177 billion FDI target is impressive, it has developed a tradition of transforming ambitious plans into reality.
Furthermore, the expansion of zones surrounding the Metro stations will not only help increase urban mobility but also create new economic opportunities and enhance residents' standard of living. Based on the outline of these plans, Dubai is expected to become an attractive investment destination for investors of all kinds
